Unemployment rate 7.1 per cent in November

According to Statistics Finland’s Labour
Force Survey, the number of unemployed persons in November 2017 was
190,000, which was 23,000 fewer than one year ago. The unemployment
rate was 7.1 per cent, having been 8.1 per cent in November of the
year before. There were 83,000 more employed than in November of
the previous year. The number of persons in the inactive population
was 49,000 lower than one year earlier.

In November 2017, the number of employed
persons was 2,496,000 (margin of error ±33,000), which was
83,000 higher than a year earlier. There were 48,000 more employed
men and 35,000 more employed women than in November 2016.

In November, the employment rate , that is, the
proportion of the employed among persons aged 15 to 64, stood at
70.4 per cent, having been 67.7 per cent one year earlier. The
employment rate for men grew by 3.1 percentage points from last
year’s November to 71.4 per cent. Women's employment rate
rose by 2.4 percentage points to 69.4 per cent. Adjusted for
seasonal and random variation, the trend of the employment rate was
70.4 per cent.

According to Statistics Finland's Labour Force Survey, there
were 190,000 (margin of error ±17,000) unemployed
in November 2017, i.e. 23,000 fewer than one year earlier. The
number of unemployed men was 109,000 and that of women 81,000.

At 7.1 per cent, the unemployment rate was 1.1
percentage points lower in November than one year earlier.
Men’s unemployment rate was 7.8 per cent and women’s
6.3 per cent. The trend of the unemployment rate was 8.2 per
cent.

In November, there were a total of 624,000 young people
aged 15 to 24 . Of them, 247,000 were employed and 43,000
unemployed. The number of young people in the active population,
i.e. the employed and unemployed in total, was 290,000. In
November, the unemployment rate for young people aged 15 to 24,
that is, the proportion of the unemployed among the labour force,
stood at 14.8 per cent, which was 1.2 percentage points lower than
one year previously. The trend of the unemployment rate among young
people was 18.9 per cent. The share of unemployed young people aged
15 to 24 among the population in the same age group was 6.9 per
cent.

There were 1,434,000 persons in the inactive
population in November 2017, which was 49,000 fewer than
one year earlier. Of the inactive population, 144,000 persons were
in disguised unemployment ,
which was 21,000 fewer than in November 2016.

Changes in employment 2016/11–2017/11
according to Statistics Finland’s Labour Force Survey,
population aged 15 to 74

Year/Month

Change

2016/11

2017/11

2016/11 - 2017/11

1000 persons

Per cent, %

Population total

4 109

4 119

0,2

Active population total

2 626

2 686

2,2

Employed

2 413

2 496

3,4

– employees

2 083

2 178

4,6

– self-employed persons and unpaid
family workers

330

317

–3,9

Unemployed

213

190

–11,0

Inactive population

1 483

1 434

–3,3

– persons in disguised
unemployment

166

144

–12,9

Per cent, %

Percentage points

Employment rate, persons aged 15 to 64

67,7

70,4

2,7

Unemployment rate

8,1

7,1

–1,1

Activity rate

63,9

65,2

1,3

Unrounded figures are used in the
Change column.
The data comply with the ILO/EU definition.

Employment Service Statistics of the Ministry of Economic
Affairs and Employment

At the end of November 2017, there were altogether 271,000
persons registered in accordance with the Employment Office
Regulations as unemployed job seekers at the employment and
economic development offices . The number of unemployed
job seekers was 57,000 lower than in November of the previous
year.

Unemployment fell in November from the corresponding period in
2016 in the areas of all Employment and Economic Development
Centres: most in Satakunta (–27%), Pirkanmaa (–26%) and
Central Finland (–22%). At the end of November, the number of
fully laid off persons registered at the employment and economic
development offices was 12,000, which was 9,000 fewer than twelve
months earlier.

The number of persons engaged in services included in the
activation rate totalled 128,000 at the end of November, which was
2,000 fewer than in November of the previous year. Altogether, 4.8
per cent of the labour force was covered by labour market policy
services.

There were 32,000 unemployed job seekers aged under 25
registered at the employment and economic development offices.
Their number was 8,000 lower than in last year’s November.
During this November, 46,000 new vacancies were reported to the
employment and economic development offices, which was 7,000 more
than in November 2016.

Changes 2016/11–2017/11 according to the
Employment Service Statistics of the Ministry of Economic Affairs
and Employment